How to Budget and Forecast for Your Business

by Tim Berry, Business Planning Expert

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$20
Take This Course
  • Lectures 33
  • Video 2.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion

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About This Course

What am I going to get from this course?

  • The difference between startup and ongoing expenses
  • How expenses vs. assets are treated for tax purposes
  • How to create a sales forecast for your business
  • How to create an expense budget for your business
  • The important difference between profits and cash
  • How your legal setup can affect your taxes
  • Types of business expenses to deduct from your taxes
  • Online resources for tax questions

What is the target audience?

  • Starting your own business
  • Running or growing an existing business
  • Managing the accounts for a business
  • Writing a business plan
  • Having difficulty with the financials of your business plan
  • Forecasting sales for your business

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What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Welcome Orientation
Introducing Tim Berry
Preview
04:53
Course Objectives
03:00
Section 2: Basic Financials - Overview and Startup Plan
Article
In this chapter you will learn: The difference between ‘startup’ and ‘ongoing’ expenses How expenses vs. assets are treated for tax purposes The difference between profits and cash OVERVIEW Start-up expenses happen before the business is running. If expenses come after the start of the plan, they ar…
08:59

Part 1 of a three part video lecture series dealing with Financials.

OPTIONAL: A Slide Notes handout is available. Click here to download it.

09:33

Part 2 of a three part video lecture series dealing with Financials.

03:25

Part 3 of a three part video lecture series dealing with Financials.

10:39

Part 1 of a five part video lecture series dealing with Starting Costs.

OPTIONAL: A Slide Notes handout is available. Click here to download it.

05:28

Part 2 of a five part series on dealing with financials. This lesson video demonstrates how to create a Startup table. The demo supports the LESSON: Starting Costs  at the end of this section.

03:16

Part 3 of a five part video lecture series dealing with Starting Costs.

03:05

Part 4 of a five part series on dealing with financials. This lesson video demonstrates how to create a Startup Funding table. The demo supports the LESSON: Starting Costs  at the end of this section.

02:11

The last in a five part video lecture series dealing with Starting Costs.

6 pages

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area) 
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls 

Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.

  • Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
  • Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc 
Click the "Download Printable Version" button to download the PDF of this lesson.
Section 3: Basic Financials - Forecast Sales & Expenses
Article
In this chapter you will learn how to pull together the numbers of a business plan. Video demonstrations will forecast sales and starting costs and as well as ongoing expenses. This will show how the numbers in the plan come together. OVERVIEW Forecasting is like the weather forecast. It's a mix of…
09:42

OPTIONAL: A Slide Notes handout is available. Click here to download it.

08:56

Part 2 of a two part series on creating a sales forecast. This lesson video demonstrates how to create a Sales Forecast table. The demo supports the LESSON: Sales Forecast at the end of this section.

5 pages
DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area)
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls

Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.

  • Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
  • Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc
Click the "Download Printable Version" button to download the PDF of this lesson.
04:25

Part 1 of a three part series on the Expense Budget and Payroll.

OPTIONAL: A Slide Notes handout is available. Click here to download it.

01:54

Part 2 of a three part series on the Expense Budget and Payroll.

07:48

Part 3 of a three part series on expense budget and payroll. This lesson video demonstrates how to create a Personnel plan and add expenses into the Profit and Loss table. The demo supports the LESSON: Personnel Plan and Profit & Loss at the end of this section.

3 pages

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area) 
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls 

Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.

  • Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
  • Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc 
Click the "Download Printable Version" button to download the PDF of this lesson.
Section 4: Cash and Taxes
Article
In this chapter you will learn about: Cash and profits Cash flow and cash balance How your legal setup can affect your taxes How a calendar year or fiscal year can affect your taxes Types of business expenses to deduct from taxes Online resources for tax questions OVERVIEW Critical content is cash f…
11:33

Part 1 of a two part video series on Cash and Taxes.

OPTIONAL: A Slide Notes handout is available. Click here to download it

Cash and Taxes, Part 2
13:37
Section 5: Next Steps
Article
Now that you have completed this course we are happy to offer you additional courses which can help you succeed in business.  The  How to Budget and Forecast for Your Business course which you completed is a module of the How to Start a Business course. The How to Start a Business course is $129 how…
Section 6: Optional Downloads
768.0 kB

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area) 
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls

NOTE: This file was originally created in Business Plan Pro; it is compatible with Microsoft Excel or any other spreadsheet-compatible program which can read .xls format.

120.8 kB

Templates for Lessons:

Text: The text portion of the lessons will be completed using the minimum-business-plan-outline.doc file. Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc 

NOTE: This file was originally created in Business Plan Pro; it is compatible with Microsoft Word or any other program which can read .doc format.

At the end of the course, the completed tables in the .xls file can be copied into yourname_businessplan.doc file. The combined tables and topics will then become your business plan file.

202.2 kB

The template for Business Plan Pro is contained within this ZIP archive. Save this file to the hard drive of your computer, right click on it to Extract the file, then open it with Business Plan Pro to use it for your assignments.

Slide Notes Basic Financials
1.3 MB
Slide Notes Starting Costs
564.9 kB
Slide Notes Forcasting Sales
788.3 kB
Slide Notes Expense Budget & Payroll
764.5 kB
Slide Notes Forecasting Cash Flow
551.1 kB
Article
Advertising The paid promotion of a product or service, in print, TV, or other media. Angel Investor A person who invests his or her own money in a startup business who meets the SEC guidelines. Assets Property that a business owns, such as cash and inventory, office equipment, buildings, accounts r…

Instructor Biography

Bplans School of Business, Helping You Succeed in Business

Instructor Biography

Tim Berry, Business Planning Expert

Tim Berry is the founder of Palo Alto Software, makers of the top selling business plan software in the world. He is also the founder of Bplans.com, co-founder of Borland International, author of several best-selling books on business planning, and has a Stanford MBA.

Tim has spent his entire career focused on entrepreneurship and business planning. As a consultant Tim has helped businesses such as Apple, Autodesk, and McDonalds with their business planning.

As an entrepreneur, he started a company from nothing and grew it to own 70% market share without any outside investment. As an educator, Tim taught entrepreneurship at the University of Oregon for 11 years.

In 2001 Tim won the USASBE (United States Association of Small Business and Entrepreneurship) Corporate Entrepreneur of the Year award and a USASBE award for teaching. His books have been published by Harcourt Brace, McGraw-Hill, Dow Jones-Irwin and Entrepreneur Press.

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